Economic development: Michigan strategic fund; procurement technical assistance center (PTAC); update to APEX Accelerator. Amends sec. 2 of 2006 PA 317 (MCL 125.1972).
Impact
The enactment of SB0481 would formalize the operations of the Michigan defense center, allowing it to provide critical resources and support for local businesses seeking to enter the defense sector. By focusing efforts on maximizing homeland security contracts awarded to Michigan-based businesses, the bill could foster job growth and economic stability in regions heavily impacted by manufacturing transitions. Furthermore, the requirement for reports on grant usage and contract attainment from associated entities could enhance transparency and accountability in how funds are utilized within this revised strategic framework.
Summary
SB0481 is a legislative measure aimed at enhancing economic development in Michigan through the establishment of the Michigan defense center within the Michigan strategic fund. This bill seeks to amend existing legislation by specifying the duties of the Michigan defense center, particularly focusing on job creation and retention related to procurement technical assistance for homeland security and defense contracts. The proposed structure intends to coordinate efforts with small businesses and innovation programs to maximize defense-related business opportunities while prioritizing municipalities that have faced significant manufacturing layoffs.
Sentiment
Overall, the sentiment surrounding SB0481 is positive, particularly among lawmakers and stakeholders supportive of economic revitalization in Michigan. Advocates argue that the bill will enable more effective engagement with defense contract opportunities, thereby stimulating local economies and supporting small business growth. However, there are concerns that focusing heavily on defense contracts may detract from broader economic development goals, particularly in regions that are not defense-centric, raising questions about the balanced distribution of resources.
Contention
Despite its supportive backing, there are points of contention regarding the prioritization of defense-related business opportunities over traditional economic sectors. Critics may argue that this legislative focus could lead to uneven funding and resource allocation, potentially neglecting the needs of diverse local economies. Additionally, the overall effectiveness of the Michigan defense center's coordination with small businesses remains to be seen, as stakeholders express a need for clear benchmarks and collaborative frameworks to ensure that various sectors can benefit equitably from the economic strategies implemented by this bill.
Economic development: Michigan strategic fund; procurement technical assistance center (PTAC); update to APEX Accelerator. Amends sec. 2 of 2006 PA 317 (MCL 125.1972).
Economic development: Michigan strategic fund; good jobs for Michigan program; modify. Amends secs. 9, 90g & 90h of 1984 PA 270 (MCL 125.2009 et seq.).
Economic development: Michigan strategic fund; approval and certification of certain research and development tax credits; authorize. Amends title & secs. 7 & 9 of 1984 PA 270 (MCL 125.2007 & 125.2009).
Economic development: Michigan strategic fund; good jobs for Michigan program; modify. Amends secs. 9, 90g & 90h of 1984 PA 270 (MCL 125.2009 et seq.). TIE BAR WITH: SB 0580'23
Economic development: Michigan strategic fund; research and development tax credit program report; require the Michigan strategic fund to assist in its preparation. Amends sec. 9 of 1984 PA 270 (MCL 125.2009).
Economic development: Michigan strategic fund; approval and certification of certain research and development tax credits; authorize. Amends title & secs. 7 & 9 of 1984 PA 270 (MCL 125.2007 & 125.2009). TIE BAR WITH: HB 5100'23, HB 5101'23, HB 5102'23, HB 5978'24, SB 1017'24, SB 1017'24
Economic development: Michigan strategic fund; procurement technical assistance center (PTAC); update to APEX Accelerator. Amends sec. 2 of 2006 PA 317 (MCL 125.1972).
A resolution to urge the United States Department of Homeland Security to immediately release 56 million dollars in Federal Emergency Management Agency funds allocated to the state of Michigan.
A resolution to encourage county sheriffs and local law enforcement agencies throughout the state of Michigan to enter into 287(g)agreements with U.S. Immigration and Customs Enforcement to enhance immigration enforcement and public safety.
A resolution to express our commitment, in partnership with the United States Air Force, to accelerating change in order to compete with, deter, and, if necessary, defeat a peer adversary, and to urge the United States Air Force to replace the A-10s with an advanced generation fighter mission at Selfridge Air National Guard Base.
A resolution to express our commitment, in partnership with the United States Air Force, to accelerating change in order to compete with, deter, and, if necessary, defeat a peer adversary, and to urge the United States Air Force to replace the A-10s with an advanced generation fighter mission at Selfridge Air National Guard Base.